Director dealings: Tesco chairman picks up 20,000 shares

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(ShareCast News) - Tesco's non-executive chairman John Allan bought 20,000 shares in the supermarket giant on Thursday at a price of 187.26p each, or £37,452 in total.

Earlier in the week, Tesco reinstated its dividend payment after a three-year break with a 1.00p per share interim payout thanks to what it called an "improved business performance."

"A return of dividends has been long awaited as evidence of management faith in the turnaround and recovery," said Mike van Dulken, head of research at Accendo Markets

"However, it does nothing to hide what is worryingly pedestrian UK Q2 growth of just 0.4% for transactions and 0.3% for volumes while like-for-like sales slow to 2.1% from what may now prove a brief 2.3% peak in Q1."

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The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website aims to provide information to help you make your own informed decisions. It does not provide personal advice based on your circumstances. If you are unsure of how suitable an investment is for you, please seek personal advice from our award-winning Financial Advisers.